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Feb 13, 2013
02/13
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deficit reduction alone is not an economic plan. a growing economy that creates good, middle class jobs, that must be the north star that guides our efforts. gabby giffords deserves a vote. the families of newtown deserve a vote. the families of aurora deserve a vote. >> fox 5's tom fitzgerald is live with reaction to the president's address. tom. >> good evening. as you might expect, already party lines are seeping in to how both sides view this speech. democrats are saying that what the president had to say was far reaching and in many times, made the mark. republicans quickly will tell you they saw this address by the president tonight long on talk and short on specifics. you just heard it a moment ago, the president laying out his package for job creation. but that was hardly the only topic the president touched on tonight. education was a main center piece of this speech tonight. the president laying out education as the corner stone. on foreign affairs, he admonished north korea and talked about having the number of u.s. troop
deficit reduction alone is not an economic plan. a growing economy that creates good, middle class jobs, that must be the north star that guides our efforts. gabby giffords deserves a vote. the families of newtown deserve a vote. the families of aurora deserve a vote. >> fox 5's tom fitzgerald is live with reaction to the president's address. tom. >> good evening. as you might expect, already party lines are seeping in to how both sides view this speech. democrats are saying that...
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Feb 11, 2013
02/13
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WJLA
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depreciation, financing, and operating costs pushed the deficit higher. >> the company operating the proctor says the so-called ramp up period could take months or years. >> essentially this project will be making money. >> skeptics may disagree. >> so, it is basically a waste. >> i think it will catch john. it will take some time. >> the higher the volume of traffic, the higher the rate. transurban is doing all it can throw up advertising and outreach to make sure the amount of traffic goes up. abc7 news. >> all right. >> what is going on? kind of gloomy. >> we were waiting for some sunshine here. we were watching the rooftop camera. i will share what we saw. does take a look. -- just take a look. that is the last 20 minutes or so before sunset. a harbinger of what is to come tomorrow. sunshine, a very pleasant temperatures across the area. let's put the liamsville camera into motion. check out these temperatures. 66 degrees it reported in leonardtown in st. mary's county. about 907 inch of rain. a very mild the. a very mild evening. -- a very mild and the. -- a very mild day. i do
depreciation, financing, and operating costs pushed the deficit higher. >> the company operating the proctor says the so-called ramp up period could take months or years. >> essentially this project will be making money. >> skeptics may disagree. >> so, it is basically a waste. >> i think it will catch john. it will take some time. >> the higher the volume of traffic, the higher the rate. transurban is doing all it can throw up advertising and outreach to...
SFGTV2: San Francisco Government Television
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Jul 3, 2013
07/13
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SFGTV2
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i have be asked to testify whether or not psycho paths have affective deficits. absolutely they do. there has been hundreds of years of psychiatric research shows that they do. you have this two prong thing. on the one hand more dangerous if you release them and don't treat them. on the other hand, they're affectively different. there was a very nice article in the "new york times" magazine on mother's day about children who have these emerging traits and how we would develop and understand and treat them. it's a small percentage. my goal is to develop better treatment so they can keep them off that trajectory towards life course persistent problems. >> are you saying that people that have the brain structure that you have identified will always be lacking in volitional control or impulse receive to the extent that they are criminals? do we have a subset of people that are criminals because of their brains? >> i should really differentiate psychopathy from criminality. there are a lot of reasons why individuals engage in different criminal activity. it's a very small percentage of p
i have be asked to testify whether or not psycho paths have affective deficits. absolutely they do. there has been hundreds of years of psychiatric research shows that they do. you have this two prong thing. on the one hand more dangerous if you release them and don't treat them. on the other hand, they're affectively different. there was a very nice article in the "new york times" magazine on mother's day about children who have these emerging traits and how we would develop and...
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Feb 25, 2013
02/13
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WTTG
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seminoles cut the deficit to 4. next possession, green drives, pump fake and foul. game high 26 points. virginia tech wins 80-70 for its first win since january 19th. >>> women's hoops, maryland looking to avenge a loss to duke on february 11th. second half, maryland trailed by 17. then they come back. shock clock winding down. thomas, nice to hawkins. terrapins slice the deficit down to 8. two plus minutes left. duke up 11. jones knocks in the 3. she had 15. maryland falls to duke, 75-59. it gives the blue devils the acc regular season title. >>> golf, hunter mayhan. after an off line tee shot, makes amends big way there. he defeats holter. faces kutcher, who defeated day in the other semi-finals. using the wedge on the 6 hole with a tail wind. he's staring it down because it's right on the money. almost a hole in one. 17th hole, kutcher leading by one. both players, drives down the bunker, his approach landing. beautiful. stopping 4 feet from the hole. he wins, 2-1, to win his first world golf championship. >>> coming up, the story of micah owens. he's ditching th
seminoles cut the deficit to 4. next possession, green drives, pump fake and foul. game high 26 points. virginia tech wins 80-70 for its first win since january 19th. >>> women's hoops, maryland looking to avenge a loss to duke on february 11th. second half, maryland trailed by 17. then they come back. shock clock winding down. thomas, nice to hawkins. terrapins slice the deficit down to 8. two plus minutes left. duke up 11. jones knocks in the 3. she had 15. maryland falls to duke,...
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Apr 15, 2013
04/13
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WTTG
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addition to slowing tkpwroeflt federal deficit. plan looking for one trillion dollars in high or tax over decade. he got his tax in january and it is wrong thing to do to raise taxes another trillion dollar. i think president got his tax increase. here somehow speaker boehner reacted on through days to reforming cent titlement programmes. there through would way come he pre mice or move country forward and no way to load. but democrat witching votes sent says, this is great starting point. >> if in fact republican genuine sincere about dealing with the budget deficit. for goodness sake we have to but putt everything on table. president just did that. one issue democrat and republican seem agree on, both sides also express support for overhauflt tax code. although neither side yet tphraoeul staked out position. in new york. fox news. >> fight over gun control will take center stage capitol hill this week. sent san set begin debating bipartisan bill. that expand federal background checks causing so-called gun traffic and school secur
addition to slowing tkpwroeflt federal deficit. plan looking for one trillion dollars in high or tax over decade. he got his tax in january and it is wrong thing to do to raise taxes another trillion dollar. i think president got his tax increase. here somehow speaker boehner reacted on through days to reforming cent titlement programmes. there through would way come he pre mice or move country forward and no way to load. but democrat witching votes sent says, this is great starting point....
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Jun 25, 2013
06/13
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CSPAN
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coburn has spent a lot of time and energy to develop a deficit reduction plan which involves roughly $1 additional revenue for every dollars on the spending side. under put together simpson-bowles. budgetsident's latest proposal for 2014 looks a lot like the efforts of the simpson- bowles deficit commission. adopted, we would end sequestration and put ourselves on a track to reduce the deficit by another $5 trillion or the next 10 years it's. as a not balance the budget but it is closer to where we need to be. be mindful to us to of sequestration and what it does in terms of your abilities to do your jobs, i want you to know that there is a pretty good plan out there and the president is lined up behind my hope is that before the end of this fiscal year, we can actually do that or something close to that. statement.me to this we still have a huge budget deficits, over $600 billion which is better than $1.40 trillion, but we have a ways to go. don't want to go down for a little while and go back up again. many programs need greater federal assistance. as a result, if we are going to r
coburn has spent a lot of time and energy to develop a deficit reduction plan which involves roughly $1 additional revenue for every dollars on the spending side. under put together simpson-bowles. budgetsident's latest proposal for 2014 looks a lot like the efforts of the simpson- bowles deficit commission. adopted, we would end sequestration and put ourselves on a track to reduce the deficit by another $5 trillion or the next 10 years it's. as a not balance the budget but it is closer to...
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Oct 9, 2013
10/13
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CSPAN
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kind of deficit reduction. you would not be allowed to both do targeted cuts which we should do and cuts to tax breaks. we talked about big oil company subsidies. you've got big wall street hedge lowerwners who get a much tax rate than the ordinary americans. under this legislation, you couldn't reduce the deficit by closing some of the tax breaks. >> absolutely. in this nation, one present of the people in this country have hijacked the middle class. that is what my colleagues on the democrat side are trying to do -- that is increase the middle class and white in it so so thisient -- widen nation could go forward. that harry reid will let it reach the pilot his desk. i think it is important for the a partialknow that list of bipartisan budget 2010 -- thereince have been commissions that people forget. the cantor-biden talks, the obama-boehner debt ceiling negotiations, the gang of six thes, the supercommittee obama fiscal cliff stalks. everyone of them went nowhere. had we done it at that time, it would have m
kind of deficit reduction. you would not be allowed to both do targeted cuts which we should do and cuts to tax breaks. we talked about big oil company subsidies. you've got big wall street hedge lowerwners who get a much tax rate than the ordinary americans. under this legislation, you couldn't reduce the deficit by closing some of the tax breaks. >> absolutely. in this nation, one present of the people in this country have hijacked the middle class. that is what my colleagues on the...
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Feb 13, 2013
02/13
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WRC
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deficit reduction alone is not an economic plan. it is not a bigger government we need but a smarter government that sets priorities and invests in broad-based growth. >>> now, central to the president's plan to "reignite the middle class" is education. he made an unexpected plan for higher quality preschool education. he wants to focus on math, science and technology. he asked congress to withhold federal aid to colleges who don't keep tuition costs down. he wants to raise the minimum wage to $9 and create a federal program to spur infrastructure project. >>> the economy sen trick speech is prompting a strong spops fre from republicans. marco rubio said the president has an obsession to raising taxes. >> instead, we should grow our economy to create new taxpayers, not new taxes. so our government can afford to help those who truly cannot help themselves. >> rubio was followed up by another conservative voice, rand paul, who offered the tea party response. while he also focused on the economy, he blamed both parties for failing vote
deficit reduction alone is not an economic plan. it is not a bigger government we need but a smarter government that sets priorities and invests in broad-based growth. >>> now, central to the president's plan to "reignite the middle class" is education. he made an unexpected plan for higher quality preschool education. he wants to focus on math, science and technology. he asked congress to withhold federal aid to colleges who don't keep tuition costs down. he wants to raise...
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Oct 5, 2013
10/13
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FOXNEWSW
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but we don't have an urgent deficit crisis. the only crisis we have is one that's manufactured in washington. it's ideological. >> we don't have an urgent deficit crisis. how many agree with that? two. 16.7 trillion dollars in debt. $90 trillionle in unfunded liabilities. guess who's going to pay it off? what do you think? >> i'm really disappointed in the president, especially on the issue of obama care. he said it would decrease costs and actually at uva this year, this week they said actually next year they will have to cut $7.3 million from the uva health insurance plan because of the increaseded costs that come with implement ing baobama care. i'm outraged that this thing the and congress promised would be beneficial to americans and help decrease health care costs are actually increasing t it. and the burden of the huge debt will be on our generation. >> adam, democrat, notre dame. how did you get to notre dame? >> i worked hard in high school. >> good for you. >> hard work, individual responsibility. don't re-eli on othe
but we don't have an urgent deficit crisis. the only crisis we have is one that's manufactured in washington. it's ideological. >> we don't have an urgent deficit crisis. how many agree with that? two. 16.7 trillion dollars in debt. $90 trillionle in unfunded liabilities. guess who's going to pay it off? what do you think? >> i'm really disappointed in the president, especially on the issue of obama care. he said it would decrease costs and actually at uva this year, this week they...
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Jan 26, 2013
01/13
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MSNBC
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you don't need the deficits at zero. you don't need the balance. and in fact, the difference between a small deficit to 2, 2 and a half percent of gdp, if the difference was if you shorted funding for education and highways and roads and bridges and basic scientific research, you would probably have a smaller economy in the long run, not a bigger one. because you would have starved the very kind of investments you need to fuel long-term productivity increases and growth in the economy. >> all right, this is a crucial point that you can -- by cutting too much now and not making investments in your future you can actually hurt long-term growth and make long-term deficits higher. bob greenstein, always good to see you. >> my pleasure. >>> john boehner says president obama is trying to annihilate the republican party. but up next, i'll explain why the gop is kind of doing a good job of it itself. and on that path, some republicans are trying to gerrymander it. some are saying we can't change the rules of the presidential election just because we lost o
you don't need the deficits at zero. you don't need the balance. and in fact, the difference between a small deficit to 2, 2 and a half percent of gdp, if the difference was if you shorted funding for education and highways and roads and bridges and basic scientific research, you would probably have a smaller economy in the long run, not a bigger one. because you would have starved the very kind of investments you need to fuel long-term productivity increases and growth in the economy. >>...
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Feb 13, 2013
02/13
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and he called for making smart spending cuts and reducing the deficit by closing tax loopholes. >> to hit the rest of our deficit reduction target we should do what leaders suggested and save hundred of billions of dollars by getting rid of tax loopholes and for the welloff and well connected. >> the most emotional part of the speech involved gun violence. the president talked about the newtown connecticut school shootings and called on congress to act on gun control. >> it has been two months since newtown. the families of newtown deserve a vote. the families of aurora, deserve a vote. the families of oak creek, and tucson, and blacksburg, and the countless other communities ripped open by gun violence they deserve a simple vote. >> we are joined by "nbc nightly news" anchor, brian williams, thank you for joining us, what is your take away from the president's speech and the response from marco rubio. >> we were reading what social media was saying. social media commenting on the fact that we kind of post speech commenters weren't focussing as much on the economy. but because the pre
and he called for making smart spending cuts and reducing the deficit by closing tax loopholes. >> to hit the rest of our deficit reduction target we should do what leaders suggested and save hundred of billions of dollars by getting rid of tax loopholes and for the welloff and well connected. >> the most emotional part of the speech involved gun violence. the president talked about the newtown connecticut school shootings and called on congress to act on gun control. >> it...
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Oct 29, 2013
10/13
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CSPAN2
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we're talking about annual deficits quadrupling. if we let mandatory spending reach that point where it becomes 100% of the deficit, which is what they project, if we allow our national debt to reach two and a half times the entire size of our economy, it's about the size of our economy now. it's going to go up to two and a half times the size of our economy, it will be the next generation that will pay and pay dearly and our legacy will be one of bankruptcy, ct skyrocketing interest rates, skyrocketing unemployment rates and the collapse of these vital programs we talked about earlier, medicaid, medicare and social security. and again, this is not ideology. this is math. it's fact. it's fact that has been reiterated by the congressional budget office, the trustees of social security, the trustees of medicare, their trust funds time and time again. so this is our opportunity, mr. president, to do something about it. at least take the first steps, both in terms of ending government shutdowns as i have talked about but also this under
we're talking about annual deficits quadrupling. if we let mandatory spending reach that point where it becomes 100% of the deficit, which is what they project, if we allow our national debt to reach two and a half times the entire size of our economy, it's about the size of our economy now. it's going to go up to two and a half times the size of our economy, it will be the next generation that will pay and pay dearly and our legacy will be one of bankruptcy, ct skyrocketing interest rates,...
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May 23, 2013
05/13
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CSPAN2
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we have achieved about 2.4 trillion deficit reduction and deficit reduction and look over 4 trillion which is one goal set out by a number of economists is in our grasp over the next 10 years. last week the budget office reported that deficit will fall to 642 billion, which is $200 million less million dollars less than what the cbo projected to go. the better numbers reflect goodness in housing a larger than expected increases in tax revenue. i believe their best and ugliness numbers to be a mistake and were closer to reaching a new deficit agreement that many people believe when you look at the numbers that the end of the year to get a deal done i believe that the budget senate passed, which i voted for is a good approach, but everyone is open to some compromise. the senate approach is balanced with targeted spending cuts to replace sequestration and new revenues from closing loopholes in any wasteful spending in the tax code would stabilize their debt to gdp ratio at around 70%. i feel strongly we should be going to conference committees in regular order with these two budgets, se
we have achieved about 2.4 trillion deficit reduction and deficit reduction and look over 4 trillion which is one goal set out by a number of economists is in our grasp over the next 10 years. last week the budget office reported that deficit will fall to 642 billion, which is $200 million less million dollars less than what the cbo projected to go. the better numbers reflect goodness in housing a larger than expected increases in tax revenue. i believe their best and ugliness numbers to be a...
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Mar 2, 2013
03/13
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KPIX
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we've got a budget deficit this year of another trillion dollars. you can't continue to spend money that you don't have. >> pelley: at his news conference today, the president was also asked about his decision to get involved in the battle over same-sex marriage in california. late yesterday, the administration filed a brief with the supreme court saying that california's ban on gays and lesbians marrying violates their constitutional rights. >> the supreme court asked me or my attorney general or a solicitor general do we think that meets constitutional muster i felt it was important for us to answer that question honestly and the answer is no. >> pelley: jan crawford is our chief legal correspondent and long-time reporter at the supreme court. jan, the court will hear arguments later this month that will impact all of this and i wonder what the president's comments today have to do with the case. >> scott, as president obama said today "i'm not a judge, i'm the president." his views carry no binding authority on the supreme court. just because the
we've got a budget deficit this year of another trillion dollars. you can't continue to spend money that you don't have. >> pelley: at his news conference today, the president was also asked about his decision to get involved in the battle over same-sex marriage in california. late yesterday, the administration filed a brief with the supreme court saying that california's ban on gays and lesbians marrying violates their constitutional rights. >> the supreme court asked me or my...
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Oct 25, 2013
10/13
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CSPAN2
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kim the republican party really sell the deficit-cutting? is that a positive message to deliver to the american public or are they making mistakes? should they be focusing more on cutting taxes and increasing growth as a way to reduce unemployment? >> i think that growth is the key in political terms. the back to the republican party the famous article in the national observer talking about the santa claus theory, the democratic santa claus that wants to give you all of these goodies at christmas and then the republicans santa clause ought to be giving new tax cuts to generate growth and to use that idiom in the political arena. the problem is the republicans have been the tax collectors so the republicans became scrooge and it was ronald reagan that basically turned that around. he didn't turn it around because he didn't care about deficits and i will say more about that in a moment. he turned around because he believed what his priorities were. he wanted to get the country moving again and the chairman was squeezing the economy because of
kim the republican party really sell the deficit-cutting? is that a positive message to deliver to the american public or are they making mistakes? should they be focusing more on cutting taxes and increasing growth as a way to reduce unemployment? >> i think that growth is the key in political terms. the back to the republican party the famous article in the national observer talking about the santa claus theory, the democratic santa claus that wants to give you all of these goodies at...
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Feb 13, 2013
02/13
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WUSA
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i think the president's message tonight reinforces that. >> spending is not driving the deficit. he put on notice republicans that he wasn't going there unless they were going to do comprehensive tax reform. so they may get some spending cuts. he says he wants to go there but he wants revenue. he never talked about it in that way. that's what he wants and that's why he's talking comprehensive tax reform because he knows that's the only way to get it. >> reporter: there was a lot of talk last night about working together and quickly to fix the nation's problems. can it happen? and what do republicans think? i'll let you know coming up at 6:30. mike, back to you. >> thanks a lot, delia. >>> about 6:04. jessica doyle is back. she has a special your money report. of course the economy the big focus of the state of the union last night as it was last year and it's been recently since 2008 practically. were any of those promises kept? >> of course now we know the president's priorities for 2013. last year we heard a lot of economic promises, too. some were kept. some were not. we're ta
i think the president's message tonight reinforces that. >> spending is not driving the deficit. he put on notice republicans that he wasn't going there unless they were going to do comprehensive tax reform. so they may get some spending cuts. he says he wants to go there but he wants revenue. he never talked about it in that way. that's what he wants and that's why he's talking comprehensive tax reform because he knows that's the only way to get it. >> reporter: there was a lot of...
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Feb 21, 2013
02/13
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FOXNEWSW
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that would cut our deficit another $1.8 trillion, bringing the total deficit reduction to over $4 trillion. so there is a path forward. the path forward is no surprise. it's bipartisan about compromise. it will be entitlement savings and there will also be revenue savings, closing loophole it and the tax expenditures. nobody will get 100% of what they want. that is the balanced way forward to help us avoid a self-inflicted would of a sequester. >> bret: republicans obviously have issue with the $2.5 trillion you talk about. we have can go into that. we have on this show many times. the senate democrats never moved it out of committee. they control the senate chamber. why didn't they vote on it? >> you will see a vote coming up on you will see something to help delay it over the next year. you have already seen the elements of a short-term balanced plan. >> i want to get to a question about transfer authority. why not call for transfer sequester to move the mup around and reach $85 billion without effecting personnel and having painful decisions to affect the personnel negatively? >> nine t
that would cut our deficit another $1.8 trillion, bringing the total deficit reduction to over $4 trillion. so there is a path forward. the path forward is no surprise. it's bipartisan about compromise. it will be entitlement savings and there will also be revenue savings, closing loophole it and the tax expenditures. nobody will get 100% of what they want. that is the balanced way forward to help us avoid a self-inflicted would of a sequester. >> bret: republicans obviously have issue...
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Jan 26, 2013
01/13
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FBC
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increases do not reduce the deficit because every dollar of tax increase leads to, of $1.17 in additional spending but spending more money to people who will waste it only encourages them. we are not sending any more and. >> most economists agree you need a comprehensive mixed of cuts and increases. liz: i am done with the economist. we tried that and look where we are. we have a huge entitlement problem. >> also in the uk we have that. liz: britain is not the size of the united states. we have different issues. >> yes but we have to much austerity you do not want to go our direction. liz: you have been terrific. have a terrific weekend. thank you for watchingre's praye stock, everybody. >> money is next. melissa: here's what's "money" tonight. tim guy near -- geithner out the door, and president obama said he was one of the best ever. we have his report card and whether jack lew can do better. may be the end of the union as membership plunges to a 97-year low. there could be one thing to save the union. we have the former chief here to explain, and there's swatting and mansion swatting.
increases do not reduce the deficit because every dollar of tax increase leads to, of $1.17 in additional spending but spending more money to people who will waste it only encourages them. we are not sending any more and. >> most economists agree you need a comprehensive mixed of cuts and increases. liz: i am done with the economist. we tried that and look where we are. we have a huge entitlement problem. >> also in the uk we have that. liz: britain is not the size of the united...
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112
Nov 10, 2013
11/13
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FBC
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the state is running budget deficits. they can tax and see and nickel and dime all they want. it doesn't mean you will get more revenues coming in. it's because bureaucrats are wasting the money. >> florida cut a series of business taxes which is a reason why the economy has come back well. >>ice weather. let's not dump all the time on florida. coming up, worried you miss this year's run-up in the stock market? don't. the informers have etock ady go on tir o rerd r. th cinext. >>> we're backith the informer stocks ready to hit new highs. morgan, hsbc, the bank. you like it? >> this is an emerging market play. really strong earnings and they pay a nice 3.6% divend. >> you like it? >> slippery rockety ride. they'rsmack around by regulated tier in the united states and inuropean union. >> okay. you like aerospace, spdr, a collection o aerospace companies. >> yeah. e.t.f ., snp aerospace. defense has great names in it. slim volume right now. rocky ride. but up 29% year t dat >> morgan? >> three words that clared war on the fund. defense spending cuts. >> we'll see that. is it for
the state is running budget deficits. they can tax and see and nickel and dime all they want. it doesn't mean you will get more revenues coming in. it's because bureaucrats are wasting the money. >> florida cut a series of business taxes which is a reason why the economy has come back well. >>ice weather. let's not dump all the time on florida. coming up, worried you miss this year's run-up in the stock market? don't. the informers have etock ady go on tir o rerd r. th cinext....
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Apr 17, 2013
04/13
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CSPAN2
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we had no capacity to deal with it other than by we were in deficit and had a bigger deficit. we have to slowly work our way out. the budget gets us to a solid stable place. >> what is the highest rate you think can be charged to small business? >> i'm sorry. >> we're 39% now. the highest in the nation. that -- i can tell you that doesn't help small business. what is the highest rate you and the president think they can charge small business before they collapse and break? >> obviously businesses choose whether to organize on the corporate side or individual side. we we have not proposed any increase beyond the current 39.6 on the individual side. the better we do -- i heard you talk about. what is his deal. >> it was not a simple as this. it was difficult negotiation we were negotiating with republicans to refuse to put taxes on the table. >> forget it. let me pose this. i'm a small business owner and i can tell you your not helping small business. the burden that the administration is putting on small business unbelievable. i would suggest you look at texas or nod see what l
we had no capacity to deal with it other than by we were in deficit and had a bigger deficit. we have to slowly work our way out. the budget gets us to a solid stable place. >> what is the highest rate you think can be charged to small business? >> i'm sorry. >> we're 39% now. the highest in the nation. that -- i can tell you that doesn't help small business. what is the highest rate you and the president think they can charge small business before they collapse and break?...
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Oct 9, 2013
10/13
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CSPAN
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deficit reduction. you cannot talk about closing a tax loophole to help reduce the deficit. any is a farce by definition. i think the members of this committee know that. there are two sides to the equation when it comes to that. that has been the debate for years and years now. we have argued that we should reduce the long-term deficit to a combination of targeted, smart cut and cutting special interest tax rakes. tax breaks for high income individuals. we want to close special loopholes for hedge fund owners. but the way this is set up, you ofnot do that is part achieving deficit reduction. it is not listed among the things this committee can consider. that is a sham. when the republicans want to stop holding the full faith and hostage, wee u.s. would love to do what we have been trying to do, which is have a budget negotiation. that negotiation on the budget when it takes place cannot be done in a way that you eliminate one half of that deficit reduction. that maybe our colleagues would put some things that would provide a path forward. this is not it. the path forward is
deficit reduction. you cannot talk about closing a tax loophole to help reduce the deficit. any is a farce by definition. i think the members of this committee know that. there are two sides to the equation when it comes to that. that has been the debate for years and years now. we have argued that we should reduce the long-term deficit to a combination of targeted, smart cut and cutting special interest tax rakes. tax breaks for high income individuals. we want to close special loopholes for...
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Feb 13, 2013
02/13
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deficit reduction alone is not an economic plan. [applause] president obama: a growing economy that creates good middle class jobs, that must be the north star that guides our effort. [applause] president obama: every day, we should ask ourselves three questions as a nation: how do we attract more jobs to our shores? how do we equip our people with the skills they need to get those jobs? and how do we make sure that hard work leads to a decent living. a year and a half ago i put forthan american jobs act that independent economists said would create more than one million new jobs, and i thank the last congress for passing some of that agenda. i urge this congress to pass the rest. [applause] president obama: but tonight i'll lay out additional proposals fully paid for and fully consistent with the budget framework both party as i greed to 18 months ago. let me repeat. nothing i'm proposing should increase our deficit by a single dime. it is not a bigger government we need but a smarter government that sets priorities and invests in
deficit reduction alone is not an economic plan. [applause] president obama: a growing economy that creates good middle class jobs, that must be the north star that guides our effort. [applause] president obama: every day, we should ask ourselves three questions as a nation: how do we attract more jobs to our shores? how do we equip our people with the skills they need to get those jobs? and how do we make sure that hard work leads to a decent living. a year and a half ago i put forthan...
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Jun 18, 2013
06/13
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impact on the deficit. over the ten-year period, 2014-2023, the on-budget deficit would increase by $14.2 billion. the debt would increase by $14.2 trillion. but then they say the off-budget money would decrease the deficit by $211 billion. and my colleague, senator schumer, says this is all great, we got a big surplus now. we got a $200 billion in the off-budget account. but what is that money, colleagues? what is that money? that's the payroll taxes. that's your social security payment and your medicare payment. when more of the illegal aliens come in and get a social security number and pay social security and medicare, the money comes into the government, all right, but is it free to be spent on bridges and roads and aircraft and salaries for congressmen and senators? no. this is money that's dedicated to social security and medicare. this is the trust fund money that goes to social security and medicare. yes, when people are legalized they'll pay more social security and medicare taxes on their payroll
impact on the deficit. over the ten-year period, 2014-2023, the on-budget deficit would increase by $14.2 billion. the debt would increase by $14.2 trillion. but then they say the off-budget money would decrease the deficit by $211 billion. and my colleague, senator schumer, says this is all great, we got a big surplus now. we got a $200 billion in the off-budget account. but what is that money, colleagues? what is that money? that's the payroll taxes. that's your social security payment and...
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Feb 6, 2013
02/13
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so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the w he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the honor, but i'm only a chairman today. the gentleman is rognized. mr. hoyer: we wish you the best for the future. the chair: thank you. mr. van hollen, may i ask for how long he was recognized? mr. van hollen: i yield four minutes. the chair: the gentleman from maryland is recognized. mr. hoyer: i thank the gentleman for yielding. mr. price of georgia said what the american people want. what the american people don't want is games. this is a game. this is a sham. this is a shame. what the american people want is honest legislatio
so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the w he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the...
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Oct 11, 2013
10/13
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now, of course, the deficit's different from the debt. the deficit's how we measure the amount of money coming into the treasury and how much goes out in a given year, and now we're spending roughly 16 cents on the dollar of borrowed money, more money than was coming in, but the president actually was taking credit for the annual deficits decrease. now, the deficit can be zero this year and we would still have $16.7 trillion in debt. those are related but different issues, because the debt accumulates over many years where you spend more money than you have actually coming in. but the president was taking credit for the reduction in annual deficits when, in fact, if you look back, the two reasons why the deficit has gone down this year is because, number one, one of the largest tax increases in american history that the president demanded in january of this last year, that was the fiscal cliff negotiation, and secondly, it was the budget control act. and the sequester, which is actually capped discretionary spending for the last two years
now, of course, the deficit's different from the debt. the deficit's how we measure the amount of money coming into the treasury and how much goes out in a given year, and now we're spending roughly 16 cents on the dollar of borrowed money, more money than was coming in, but the president actually was taking credit for the annual deficits decrease. now, the deficit can be zero this year and we would still have $16.7 trillion in debt. those are related but different issues, because the debt...
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Feb 12, 2013
02/13
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that results in a lower deficit as you have reported to us. by 2015, the deficit is projected to be $430 billion, the lowest you project over 10 years. that's slightly below the highest deficit president bush ever had in his eight years. and you have gpped growth projected at 3.%, last year was 2.2. but after 2015, three years from now, the deficits start a rise again, increasing every single year almost 10% a year and would more than double over the following eight years to $978 billion, is that correct? >> yes, that's right. >> and you don't see unless something changes, any improvement in the outyears but your report would indicate that your report the upward trajectory -- and is that an unsustainable path? >> as others have said, debt cannot rise indefinitely as a share of g.d.p. and our projections show debt rising relative to g.d.p. in the back half of this coming decade. >> so i think -- and it increases the risk as bowles and simple son told us was inevitable if we don't change this unsustainable path, would you agree? >> in the longer
that results in a lower deficit as you have reported to us. by 2015, the deficit is projected to be $430 billion, the lowest you project over 10 years. that's slightly below the highest deficit president bush ever had in his eight years. and you have gpped growth projected at 3.%, last year was 2.2. but after 2015, three years from now, the deficits start a rise again, increasing every single year almost 10% a year and would more than double over the following eight years to $978 billion, is...
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the first of less than $1 trillion annual deficits continue to shrink when they begin increasing deficits but in the next 10 years they will add almost $7 trillion to the national debt and 76 trillion by 20203. the national debt compared to the economy stabilizes and climbs much higher in the future. the director of the cbo says the primary culprit is health care spending. >> we still see substantial growth of health care spending over the 10 years and beyond. because of the number of people who will be eligible for medicare will be rising sharply. gerri: they expect gdp to rise this year and next year an average of 3.6% after that and then slowing. cbo expects unemployment average 8% this year and seven points six% next year that is the first time that has happened in 70 years. with the recent tax increases and spending cuts the cbo says it will cost 1.2 5% percentage points of gdp but with deficits reduce it boost growth and employment in the future. gerri: while the cbo war and gas the president tried to put the squeeze on congress to pass small spending cuts and pass more tax hikes. w
the first of less than $1 trillion annual deficits continue to shrink when they begin increasing deficits but in the next 10 years they will add almost $7 trillion to the national debt and 76 trillion by 20203. the national debt compared to the economy stabilizes and climbs much higher in the future. the director of the cbo says the primary culprit is health care spending. >> we still see substantial growth of health care spending over the 10 years and beyond. because of the number of...
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Apr 10, 2013
04/13
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there is not going to be an easy solution to fixing the economy and reducing the deficit. it is not fixable in the next year. it took a while to get here and we'll take a while to get out. >> isn't of the same in washington? hundreds of different people with different ideas, but when everyone talks at once adjuster comes noise. none of that matters if nobody is putting forth the effort to change things. our government sounds a lot like a small town -- small towns across america, including mine. --a lot of business people i have been here over 30 years. you have to get over problems you had in the past. , notu voted for action politics as usual. to focus on your jobs, not hours. in the coming weeks and months i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. mr. president, you have a powerful voice. the people of america want to help america. needfices the to beat -- to be made because you cannot satisfy everyone. small towns may not be important to everyone in this nation, but they matter to peo
there is not going to be an easy solution to fixing the economy and reducing the deficit. it is not fixable in the next year. it took a while to get here and we'll take a while to get out. >> isn't of the same in washington? hundreds of different people with different ideas, but when everyone talks at once adjuster comes noise. none of that matters if nobody is putting forth the effort to change things. our government sounds a lot like a small town -- small towns across america, including...
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Jan 2, 2013
01/13
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the fact is that the deficit is still too high. and we are still investing too little and the things that we need for the economy to grow as fast as it should. and that's why speaker boehner and i originally tried to negotiate a larger agreement that would put this country on a path to paying down its debt while also putting americans back to work, rebuilding our roads and bridges, and providing investments in areas like education and job training. unfortunately there was not enough support or time for the large agreement in the laying duck session of congress. and that failure will come with a cost as the messy nature of the process over the past several weeks, they have made the business more uncertain and consumers less confident. but we are continuing to chip away at this problem, step by step. last year i signed into law about $1.7 trillion in the deficit reduction. it further reduces the deficit by raising $226 billion from the wealthiest households in america and there will be more deficit reduction as congress, they decide
the fact is that the deficit is still too high. and we are still investing too little and the things that we need for the economy to grow as fast as it should. and that's why speaker boehner and i originally tried to negotiate a larger agreement that would put this country on a path to paying down its debt while also putting americans back to work, rebuilding our roads and bridges, and providing investments in areas like education and job training. unfortunately there was not enough support or...
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May 19, 2013
05/13
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memphis cuts the deficit to six. that is as close as hey g.e. ginÓbili, a pass to boern and drains the three. bonner, spurs make a franchise playoff record 14 three pointers. they roll over the grizzlies 105-83. >> texas pride. >>> robert griffin iii is a busy man. he's rehabbing from knee surgery enplanning for his july wedding. we hear it is in virginia. so it must be to save valuable time that he decided to thank the folks who sent him stuff in the mail with a tweet. here's the tweet. he said thank you to all the fans helping to buy all of the items from our wedding registry at bed, bath and beyond. #appreciate everything. fans found the registry on their own and sent him stuff without prompting. take note, he does not need anything. they are getting hitched on july 6th. he is, of course, all set for that. and he is only making $21 million with his contract. >> he is registered at bed, bath and beyond. >> i'm going to have to return those bath towels now. i don't think he needs them anymore. a little outrage from some folks saying why do all
memphis cuts the deficit to six. that is as close as hey g.e. ginÓbili, a pass to boern and drains the three. bonner, spurs make a franchise playoff record 14 three pointers. they roll over the grizzlies 105-83. >> texas pride. >>> robert griffin iii is a busy man. he's rehabbing from knee surgery enplanning for his july wedding. we hear it is in virginia. so it must be to save valuable time that he decided to thank the folks who sent him stuff in the mail with a tweet. here's...
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Oct 8, 2013
10/13
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president obama signed a bipartisan, $2.5 trillion deficit reduction law and the deficit today is half of what it was in 2009. we are willing partners who will compromise. but to suggest that we need a special committee to tell us what we already know is just not sincere. this bill is an attempt to shift blame nor shutdown. speaker boehner should stop trying to find somebody else to do his job. he can end the shutdown today by allowing a vote on the republican-written, senate-passed c.r. which would get a majority vote in the house and be signed by the president. reopen the government. do not jeopardize the full faith and credit of the united states. stop wasting time on political stunts like this bill while americans suffer. vote no. the speaker pro tempore: the gentlewoman's time has expired. the gentleman from texas is recognized. mr. sessions: mr. speaker, i would thankfully acknowledge the floor of the house of representatives here for voting on several very, very important items that allow those employees that today might not be at work, we've asked that they come become to work
president obama signed a bipartisan, $2.5 trillion deficit reduction law and the deficit today is half of what it was in 2009. we are willing partners who will compromise. but to suggest that we need a special committee to tell us what we already know is just not sincere. this bill is an attempt to shift blame nor shutdown. speaker boehner should stop trying to find somebody else to do his job. he can end the shutdown today by allowing a vote on the republican-written, senate-passed c.r. which...
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Feb 19, 2013
02/13
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the plan to reduce our deficit has to be part of our agenda, we also have to remember deficit reduction alone is not an economic plan. whenarned in the 1990's bill clinton was president, nothing shrinks a comic faster -- nothing grows the economy faster. we should make america a magnet for good jobs, equipping our people with skills required to fill those jobs, making sure their hard work leads to a decent living. those are the things we should be pushing ourselves to think about and work on every single day. that is what the american people expect. that is what i will work on every single day to help deliver. i made everybody watching today to understand that we have a few days, congress can do the right thing, we can avert one more washington-manufactured problem that slows our recovery, and bring down our deficit and balanced and responsible way. that is my goal and that's what will do right by these first responders and what would do right by america's middle class. that is what i will be working on fighting for not just over the next few weeks but over the next few years. thanks ve
the plan to reduce our deficit has to be part of our agenda, we also have to remember deficit reduction alone is not an economic plan. whenarned in the 1990's bill clinton was president, nothing shrinks a comic faster -- nothing grows the economy faster. we should make america a magnet for good jobs, equipping our people with skills required to fill those jobs, making sure their hard work leads to a decent living. those are the things we should be pushing ourselves to think about and work on...
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Jan 17, 2013
01/13
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impact of extended deficit financing. the longer term problem is to a very large extent the product of the key entitlement programs that are in a part of part of the nation's safety net for the elderly. slowing the growth of spending in the nation's in title at program can help make these programs secure for current and future workers and we think that's very important. by 2035, there will be only two workers per beneficiary and a typical 65-year-old retiree would have about a 50% longer retirement than had occurred in 1995. this is a very serious issue. currently the social security retirement is a pay-as-you-go system that provides more annual benefits than the payroll tax collectors. if left alone, this eventually will lead to insolvency particularly with the rapidly increasing number of baby boomers retire in every day as was referred to by maya and louis. there isn't time today nor do i have the proven expertise to suggest specific solutions it's important that the contras and the administration analyze acceptable me
impact of extended deficit financing. the longer term problem is to a very large extent the product of the key entitlement programs that are in a part of part of the nation's safety net for the elderly. slowing the growth of spending in the nation's in title at program can help make these programs secure for current and future workers and we think that's very important. by 2035, there will be only two workers per beneficiary and a typical 65-year-old retiree would have about a 50% longer...
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Dec 12, 2013
12/13
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it reduces the deficit. but it is fully paid for by the taxpayer dollars. >> unlike medicare part d, this bill was actually paid for. thate president said everyone's premiums would decrease. the president said that people would be able to keep their plants top the president said that they would be able to keep their doctors. that is simply not the case. there is a lot of frustration and we are upset about it. my time is expired. thank you. >> you are recognized next for five minutes. >> let me clarify some things using the single yes or no strategy. is it not true that the congressional budget office says that a out of 10 americans who will go to the marketplace should qualify for assistance? >> i think that is true. no, is the affordable care act 84 -- i know you refer to that, but if you could explain that? >> it is paid for. the congressional budget office estimates that it will reduce the deficit in the first 10 years by about $120 billion. over the next 10 years, it will reduce it closer to $1 trillion.
it reduces the deficit. but it is fully paid for by the taxpayer dollars. >> unlike medicare part d, this bill was actually paid for. thate president said everyone's premiums would decrease. the president said that people would be able to keep their plants top the president said that they would be able to keep their doctors. that is simply not the case. there is a lot of frustration and we are upset about it. my time is expired. thank you. >> you are recognized next for five...